Chinese Oil Imports May Never Fully Recover From Iran War (opens original article in a new tab)

Chinese oil imports may never fully recover from the Iran war as analysts note a permanent shift away from gasoline and diesel, with significant transportation demand losses likely to persist.

• Chinese oil imports may never fully recover from the Iran war due to a permanent shift away from gasoline and diesel.
• Rystad Energy estimates 200,000 to 600,000 barrels a day of transportation demand lost during the conflict may not return this year.
• China's crude imports fell by 3.3 million barrels a day this quarter compared to a year earlier, with losses in transport fuel demand likely to be more durable.